How Airbnb Went Global

The WSJ’s Deborah Kan speaks to Airbnb’s co-founder Nate Blecharczyk about how his company became one of the Internet’s fastest-growing accommodation sites.

This transcript has been automatically generated and may not be 100% accurate.

... go in and it has been looking for a steeper than it fell off when was the comforts of home ... loan guarantee in the Navy the solution for you one of the fastest growing companies at the site lists more than three hundred thousand property than a hundred and ninety two countries ... earlier I caught up with one of the co-founder of Nate with our check encampment and staff who told me how it all began when two of the founders decided to rent out a resume in their apartment to make a little extra cash ... new ways ... than one hundred and eighty ... s ... we get a hotel in going down the line who is ... truth you know anyone well they'll let ... on that and we know study on ... the front door and you're in ... the midst of people in everyday life and is totaly wonder ... is is it feels a lot more money and personal and I learned is divided ... I think we can do a lot more to help you ... uncover the local aspects ... of your surroundings and has more meaningful things will ... look like yet these days last fall ... and when you're out about your bubbles in your pocket and that's not to be for us to deliver its ... recommendations to see it that help you find things in major cities the total ... assets as another than they ever get into that ... when you are you need something like this would have been the biggest challenges in going for it you know ... we are we're the area a ... missed call from one of the things we do is sponsored trust ... is one of ... their homes the very first time ... I knew what to do that ... is fundamentally what are the four ... Seasons Bubble provides ... especially when we had all paid for example ... yes ... who knew cater to your TV will that money until after you arrive every new counselor copper's not pass in stride ... he just caught a twenty four seven passes for one into the mind of that ... meanwhile the snazzy little response in order to pay could you see the model moving towards more advertising model where a few providing services to make money off of yes what Armada no one is the front ... we only made money when ... he first makes my ... eyes and every dollar counts ... this is the isthe castle purchases as the most consistent profits ... and so that I haven't slept readout since he is and it was recently given uses ... I think that's that's really special even if that's not the ... average ... college ... site we know where the station while I think the model is what makes a difference in July Asia is the isthe country where it is this colt releases to different people to live ... in a model just doesn't work I've seen that but access to reverse so ... aam I've been is in the last two was happening Korea ... than their soul is an incredibly for thinking that ... and he's identified ... twenty aspects of urban living where sharing ... maintenance including ... by accomodations ... opportunists and resolving of over fifteen hundred properties in Seoul where year ago we had only Alexei hundred ... filled with so much of this piece of advice ... to ... them for startups that they didn't do so many aspects of what I've still been touched by technology ... but also understand to ... be realistic about the goal is to do this because the first year it was hard I almost quit ... so well isn't this taking any action ... well ... and we ... really wanted users in different places we have critical mass anywhere and on what we ... decided to do is focus on your city build critical mass there were in the first graders national everyone uses in your ... time ... and really call them to craft their profile ... meeting decided probably be patient for that help them set the price ... of million has curated moderate inventories ... such was often people one